Versor Investments LP Boosts Stock Holdings in Fidelity National Financial, Inc. $FNF

Versor Investments LP grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 44.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,863 shares of the financial services provider’s stock after purchasing an additional 11,900 shares during the quarter. Versor Investments LP’s holdings in Fidelity National Financial were worth $2,122,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC increased its holdings in shares of Fidelity National Financial by 0.9% during the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after purchasing an additional 54,756 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Fidelity National Financial by 1.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 192 shares in the last quarter. Ethic Inc. increased its holdings in shares of Fidelity National Financial by 21.2% during the 4th quarter. Ethic Inc. now owns 32,315 shares of the financial services provider’s stock valued at $1,764,000 after purchasing an additional 5,655 shares in the last quarter. Virtus Family Office LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at approximately $795,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Fidelity National Financial by 127.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 9,303 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 5,214 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $48.31 on Tuesday. The company’s fifty day moving average price is $48.51 and its 200 day moving average price is $53.28. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The stock has a market capitalization of $13.00 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 44.42.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 16.15% and a net margin of 5.10%.The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.77 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s payout ratio is 75.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FNF. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a research note on Monday. Barclays dropped their price target on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Finally, Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.67.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.